3. Pelvis International is considering purchasing robotic equipment using the following estimates:

Cost of robotics: $4,000,000

Useful life: 10 years

Annual Net Cas flows: $900,000

The desired Rate of Return is 12%. Use the PVA table from Exhibit 5 on page 573 to estimate the NPV of the equipment.

A) $1,850,000

B) $1,530,500

C) $1,004,000

D) $1,085,000